Common use of Invention Disclosure Clause in Contracts

Invention Disclosure. Any invention, improvement, design, development or discovery conceived, developed, created or made by Executive alone or with others, during the period of his employment hereunder and applicable to the business of the Corporation or its subsidiaries, whether or not patentable or registrable, shall become the sole and exclusive property of the Corporation. Executive hereby assigns to the Corporation, all of his rights to any "intellectual material" created or developed by him during the course of his employment. As used herein, "intellectual material" shall include, but shall not be limited to, ideas, titles, themes, production ideas, methods of presentation, artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans, catch words, characters, names and similar literary, dramatic and musical material, trade names, trademarks and service marks and all copyrightable expressions in audio visual works, computer software, electronic circuitry and all mask works for integrated circuits. Executive shall disclose the intellectual material promptly and completely to the Corporation and shall, during the period of his employment hereunder and at any time and from time to time hereafter (a) execute all documents requested by the Corporation for vesting in the Corporation or any of its subsidiaries, the entire right, title and interest in and to the same, (b) execute all documents requested by the Corporation for filing and prosecuting such applications for patents, trademarks and/or copyrights as the Corporation, in its sole discretion, may desire to prosecute, and (c) give the Corporation all assistance it reasonably requires, including the giving of testimony in any suit, action or proceeding, in order to obtain, maintain and protect the Corporation's right therein and thereto. If any such assistance is required following the termination of this Agreement, the Corporation shall reimburse Executive for his time and the reasonable expenses incurred by him in rendering such assistance. Anything contained in this paragraph to the contrary notwithstanding, this paragraph does not apply to an invention for which no equipment, supplies, facilities, or trade secret information of the Corporation or its subsidiaries was used and which was developed entirely on the Executive's own time, unless (d) the invention relates: (i) to the business of the Corporation or its subsidiaries, or (ii) to the Corporation's or any of its subsidiaries actual or demonstrably anticipated research or development, or (e) the invention results from any work performed by the Executive for the Corporation or its subsidiaries.

Appears in 2 contracts

Samples: Employment Agreement (WMS Industries Inc /De/), Employment Agreement (WMS Industries Inc /De/)

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Invention Disclosure. Any inventionEmployee agrees to disclose to the Corporation promptly and fully all ideas, improvementinventions, designdiscoveries, development developments or discovery conceived, developed, improvements ("Inventions") that may be made or conceived by him and all "Intellectual Material" (as defined below) that may be created or made developed by Executive alone him (whether such Inventions or "Intellectual Material" are developed solely by him or jointly with others, ) either during his employment by the Corporation or during a period of one (1) year after the termination of his employment hereunder and applicable with the Corporation which either (i) in any way is connected with or related to the business actual or contemplated business, work, research or undertakings of the Corporation or its subsidiaries(ii) results from or is suggested by any task, whether project or not patentable work that he may do for, in connection with, or registrable, on behalf of the Corporation. Employee agrees that such Inventions and "Intellectual Material" shall become the sole and exclusive property of the Corporation. Executive Corporation and Employee hereby assigns to the Corporation, Corporation all of his rights to any such Inventions and "intellectual materialIntellectual Material." created or developed by him during the course of his employment. As used herein, "intellectual materialIntellectual Material" shall include, but shall not be limited to, ideas, titles, themes, production ideas, methods of presentation, artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans, catch words, characters, names and similar literary, dramatic and musical material, trade names, trademarks and service marks and all copyrightable expressions in audio visual works, computer software, electronic circuitry and all mask works for integrated circuits. Executive With respect to Inventions and Intellectual Material, Employee shall disclose the intellectual material promptly and completely to the Corporation and shall, during the period of his employment hereunder and at any time and from time to time hereafter (a) execute all documents requested by the Corporation for vesting in the Corporation or any of its subsidiaries, the entire right, title and interest in and to the same, (b) execute all documents requested by the Corporation for filing and prosecuting such applications for patents, trademarks and/or copyrights as the Corporation, in its sole discretion, may desire to prosecute, and (c) give the Corporation all assistance it reasonably requires, including the giving of testimony in any suit, action or proceeding, in order to obtain, maintain and protect the Corporation's right therein and thereto. If any such assistance is required following the termination of this AgreementEmployee's employment with the Corporation, the Corporation shall reimburse Executive Employee for his time lost wages or salary and the reasonable expenses incurred by him in rendering such assistance. Anything contained in this paragraph to the contrary notwithstanding, this paragraph does not apply to an invention Invention or Intellectual Material for which no equipment, supplies, facilities, or trade secret information of the Corporation or its subsidiaries was used and which was developed entirely on the ExecutiveEmployee's own time, unless (d) the invention Invention or Intellectual Material relates: (i) to the business of the Corporation or its subsidiariesCorporation, or (ii) to the Corporation's or any of its subsidiaries actual or demonstrably anticipated research or development, or (eiii) the invention Invention or Intellectual Material results from any work performed by the Executive Employee for the Corporation or its subsidiariesCorporation.

Appears in 2 contracts

Samples: Employment Agreement (WMS Industries Inc /De/), Employment Agreement (WMS Industries Inc /De/)

Invention Disclosure. Any invention, improvement, design, development or discovery conceived, developed, created or made by Executive alone or with others, during the period of his employment hereunder and applicable to the business of the Corporation or its subsidiaries, whether or not patentable or registrable, shall become the sole and exclusive property of the Corporation. Executive hereby assigns to the Corporation, all of his rights to any "intellectual material" created or developed by him during the course of his employment. As used herein, "intellectual material" shall include, but shall not be limited to, ideas, titles, themes, production ideas, methods of presentation, artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans, catch words, characters, names and similar literary, dramatic and musical material, trade names, trademarks and service marks and all copyrightable expressions in audio visual works, computer software, electronic circuitry and all mask works for integrated circuits. Executive shall disclose the intellectual material promptly and completely to the Corporation and shall, during the period of his employment hereunder and at any time and from time to time hereafter (a) execute all documents requested by the Corporation for vesting in the Corporation or any of its subsidiariessubsidiaries the entire, the entire right, title and interest in and to the same, (b) execute all documents requested by the Corporation for filing and prosecuting such applications for patents, trademarks and/or copyrights as the Corporation, in its sole discretion, may desire to prosecute, and (c) give the Corporation all assistance it reasonably requires, including the giving of testimony in any suit, action or proceeding, in order to obtain, maintain and protect the Corporation's right therein and thereto. If any such assistance is required following the termination of this Agreement, the Corporation shall reimburse Executive for his time and the reasonable expenses incurred by him in rendering such assistance. Anything contained in this paragraph to the contrary notwithstanding, this paragraph Section does not apply to an invention for which no equipment, supplies, facilities, or trade secret information of the Corporation or its subsidiaries was used and which was developed entirely on the Executive's own time, unless (d) the invention relates: (i) to the business of the Corporation or its subsidiaries, or (ii) to the Corporation's or any of its subsidiaries actual or demonstrably anticipated research or development, or (e) the invention results from any work performed by the Executive for the Corporation or its subsidiaries.

Appears in 1 contract

Samples: Executive Employment Agreement (WMS Industries Inc /De/)

Invention Disclosure. Any invention, improvement, design, development or discovery conceived, developed, created or made by Executive alone or with others, during the period of his employment hereunder and applicable to the business of the Corporation or its subsidiariesaffiliates, whether or not patentable or registrable, shall become the sole and exclusive property of the Corporation. Executive hereby assigns to the Corporation, all of his rights to any "intellectual material" created or developed by him during the course of his employment. As used herein, "intellectual material" shall include, but shall not be limited to, ideas, titles, themes, production ideas, methods of presentation, artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans, catch words, characters, names and similar literary, dramatic and musical material, trade names, trademarks and service marks and all copyrightable expressions in audio visual works, computer software, electronic circuitry and all mask works for integrated circuits. Executive shall disclose the such intellectual material promptly and completely to the Corporation and shall, during the period of his employment hereunder and at any time and from time to time hereafter (a) execute all documents requested by the Corporation for vesting in the Corporation or any of its subsidiaries, affiliates the entire right, title and interest in and to the same, (b) execute all documents requested by the Corporation for filing and prosecuting such applications for patents, trademarks and/or copyrights as the Corporation, in its sole discretion, may desire to prosecute, and (c) give the Corporation all assistance it reasonably requires, including the giving of testimony in any suit, action or proceeding, in order to obtain, maintain and protect the Corporation's right therein and thereto. If any such assistance is required following the termination of this Agreement, the Corporation shall reimburse Executive for his time and the reasonable expenses incurred by him in rendering such assistance. Anything contained in this paragraph to the contrary notwithstanding, this paragraph does not apply to an invention for which no equipment, supplies, facilities, or trade secret information of the Corporation or its subsidiaries affiliates was used and which was developed entirely on the Executive's own time, unless (d) the invention relates: (i) to the business of the Corporation or its subsidiariesaffiliates, or (ii) to the Corporation's or any of its subsidiaries affiliates' actual or demonstrably anticipated research or development, or (e) the invention results from any work performed by the Executive for the Corporation or its subsidiariesaffiliates.

Appears in 1 contract

Samples: Employment Agreement (Midway Games Inc)

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Invention Disclosure. Any invention, improvement, design, development or discovery conceived, developed, created or made by Executive alone or with others, during the period of his her employment hereunder and applicable to the business of the Corporation or its subsidiariesaffiliates, whether or not patentable or registrable, shall become the sole and exclusive property of the Corporation. Executive hereby assigns to the Corporation, all of his her rights to any "intellectual material" created or developed by him her during the course of his her employment. As used herein, "intellectual material" shall include, but shall not be limited to, ideas, titles, themes, production ideas, methods of presentation, artistic renderings, sketches, plots, music, lyrics, dialogue, phrases, slogans, catch words, characters, names and similar literary, dramatic and musical material, trade names, trademarks and service marks and all copyrightable expressions in audio visual works, computer software, electronic circuitry and all mask works for integrated circuits. Executive shall disclose the intellectual material promptly and completely to the Corporation and shall, during the period of his her employment hereunder and at any time and from time to time hereafter (a) execute all documents requested by the Corporation for vesting in the Corporation or any of its subsidiaries, affiliates the entire right, title and interest in and to the same, (b) execute all documents requested by the Corporation for filing and prosecuting such applications for patents, trademarks and/or copyrights as the Corporation, in its sole discretion, may desire to prosecute, and (c) give the Corporation all assistance it reasonably requires, including the giving of testimony in any suit, action or proceeding, in order to obtain, maintain and protect the Corporation's right therein and thereto. If any such assistance is required following the termination of this Agreement, the Corporation shall reimburse Executive for his her time and the reasonable expenses incurred by him her in rendering such assistance. Anything contained in this paragraph to the contrary notwithstanding, this paragraph does not apply to an invention for which no equipment, supplies, facilities, or trade secret information of the Corporation or its subsidiaries affiliates was used and which was developed entirely on the Executive's own time, unless (d) the invention relates: (i) to the business of the Corporation or its subsidiariesaffiliates, or (ii) to the Corporation's or any of its subsidiaries affiliates' actual or demonstrably anticipated research or development, or (e) the invention results from any work performed by the Executive for the Corporation or its subsidiariesaffiliates.

Appears in 1 contract

Samples: Employment Agreement (Midway Games Inc)

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